What Are the Most Common Things a Home Inspector Looks for When It Comes to Refinancing a Home?

refinancing

owned home about a year/need to refinance to remove $200 month PMI/need house to appraise for approx. $20k more than original buy price. Told when we bought the place we should be able to refinance in 6 to 12 months to remove the PMI. Have not really done much improvement to it yet-mostly due to high pmi-live in very nice neighborhood where homes typically sell for $120k-we payed $85k for ours and need it to appraise for around $105k to $110k (original appraisal at buy was $90k).

Real Estate Appraisal Explanation from Quicken Loans

an appraisal on a property comes in too low, we wont be able to write a loan on it. The bottom line is that we at Quicken Loans want what you want: A honest appraisal of your property that accurately reflects todays market conditions. An accurate appraisal is the best way to ensure that everyones interests are protected throughout the entire home refinance or buy process. … “Quicken Loans” “real estate appraisal” “real estate appraisals” “home appraisal” “home appraisals” “appraisal …